Your local Ellicott City, MD Expert will tell you - this market is picking up steam! New Listings are up, Under Contract Homes are up, Median Sold Price for homes is also up.

Let’s take a look at some of the major indicators for this month!

# 1- SOLD PRICE

The average sold price for detached homes in Ellicott City, MD in February 2017 was $444,000.

This is an increase in value of about 7% compared with February 2016. The number of Units sold in February was down by 50% compared with this same time last year. List to Sold Price are strong at 95.2%, indicating homes are priced well. Your Local Ellicott City, MD Real Estate Expert will tell you this is not uncommon for this time of the year. We are seeing it pick up steam as we head into spring! Those who are planning to list in Summer, to reconsider listing sooner. You may be pleasantly surprised with the turn around! Contact us and we'll help you get ready!

# 3- NEW LISTINGS

There are currently 186 active listings in Ellicott City, MD , 109 of these homes are new for February 2017. The inventory is lower than it was last year, which had 223 properties available, but with most of these listings being new for February. It provides more options for buyers who are seriously navigating the current market. Under new contracts is up 22% from this time last year at 54, there are still plenty of families looking for that perfect place!

Our area is so wonderful that many people do not move out once they move in! Using a local Ellicott City, MD Realtor like EPIK Home Group is a great move since we are in touch with many homeowners even before they are ready to sell!

Ellicott City in Howard County, MD is a great place to live with excellent public schools, lots of outdoor parks and recreation opportunities, an award winning historic main street and countless options for working, shopping and dining - no wonder this area between Baltimore and Washington, DC continues to have a very active real estate market!

Read on for more details of this active market!

Our experienced team here at EPIK Home Group loves telling you about the area with local neighborhoods updates and information. Real Estate is local, so you deserve a local Realtor who not only knows the housing market, but knows Howard County/Catonsville, the amenities, the local events and resources that you will need. Consistently in the top 1% of Realtors in Howard County/Catonsville, EPIK Home Group is here to help you with all your Real Estate needs!

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